When money is deposited or withdrawn from your bank account through any of the payment methods, a transaction is recorded by the bank in your account statement.
In Zoho Books, you would have created invoices for your customers for them to pay you or recorded expenses and bills for the payments you will have to make towards them.
Now, the process of importing your bank statement manually or via automatic feeds and matching the bank transactions with the transactions in Zoho Books is known as matching. This process ensures that the closing balances are the same in your bank account and Zoho Books. Learn more about matching transactions.
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